From the Directorate of Defense Trade Controls’ Penalties & Oversight Agreements site… Links: Penalties & Oversight Agreements site Honeywell documents: Charging Letter, Agreement, Order
U.S. Department of State Concludes $13 Million Settlement of Alleged Export Violations by Honeywell International, Inc. MEDIA NOTE OFFICE OF THE SPOKESPERSON MAY 3, 2021Share The U.S. Department of State has concluded an administrative settlement with Honeywell International, Inc. (Honeywell) of Charlotte, North Carolina, to resolve alleged violations of the […]
The settlement with MoneyGram isn’t an even dollar amount – $34,328.78. I’ve been reporting on enforcement actions for years and years now (going back to at least 2014), and I can’t recall any other action – especially with a corporate entity – where OFAC didn’t round the figure off.
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and MoneyGram Payment Systems, Inc., and SAP SE Release date 04/29/2021 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with MoneyGram Payment Systems, Inc. (“MoneyGram”), a global payments […]
Published Date: 14 April 2021 MAS Imposes Composition Penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch for AML/CFT Failures Singapore, 14 April 2021… The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch (BJS) for […]
The firm settled 61 non-egregious, voluntarily self-reported violations of the Iranian Transactions and Sanctions Regulations (ITSR), reduced from a base penalty of $725,004. What Alliance Did Alliance describes itself as principally a domestic business—Alliance sells its products exclusively to domestic consumers, does not export goods or services, and does not […]
Amendment of the definition of the term “Applicable Schedule Amount” within the Economic Sanctions Enforcement Guidelines Release date 04/09/2021 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the definition of “applicable schedule amount” contained in appendix A to 31 CFR part 501. This technical amendment is […]
Hello, fellow pandemic shut-ins… New episode of Mr. Watchlist’s DesigNation, entitled The Other Shoe Drops. It’s about the Nordgas settlement with OFAC from March 26, and what it informs us better about the UniControl settlement. Hopefully, OFAC is listening, because they could learn something, too… hint, hint: they could have […]
FOR IMMEDIATE RELEASE March 19, 2021 http://www.bis.doc.gov BUREAU OF INDUSTRY AND SECURITY Office of Congressional and Public Affairs (202) 482-1069 COMTECH XICOM RESOLVES ALLEGATIONS OF UNLICENSED EXPORTS TO THE U.A.E., BRAZIL AND RUSSIA Today, Kevin J. Kurland, performing the non-exclusive duties of the Assistant Secretary for Export Enforcement, the U.S. […]
So, Nordgas S.r.l., an Italian firm, was the firm who: Approached (and was turned down by) UniControl in 2012 to sell its goods into Iran Declined UniControl’s offer in 2016 to ship directly to its end-user when it was having internal issues Asked UniControl to remove the “Made in the […]
